Why do you want to work in risk management?

"I want to work in risk management because I enjoy mitigating and managing risks and uncertainty, using my strategic decision-making abilities excites me, and I like to be challenged and promote organizational resilience with the work I do" is a good answer to this interview question.

How To Become A Risk Management Internship: What It Is and Career Path

What is a risk management internship and how to become one

Updated January 8, 2025

4 min read

Risk management is the process of identifying, measuring, and treating property, liability, income, and personnel exposure to loss. A risk management intern can gain an in-depth understanding of risk management, working across industries, and responding to client requests. They actively contribute to deals and financing transactions and participate in all other aspects of client credit management.

A risk management intern's key responsibilities will include assisting the risk manager in designing and implementing an overall risk management process. They also help perform risk assessment, risk reporting, maintenance of records of insurance policies and claims, and review new contracts. Since this is an internship, no prior work experience is required. Although, typically, students undertake internships in the process of completing their bachelor's or master's degree. This internship is beneficial for majors such as risk management, business studies, finance, economics, and similar fields.

Most internships pay internees next to nothing; however, this one is worth it. In addition to gaining insights into the professional world, you will earn $15.29 an hour.

ScoreRisk Management InternshipUS Average

Salary

3.7

Avg. Salary $46,800

Avg. Salary $59,228

Stability level

9.5

Growth rate 17%

Growth rate 0.3%

Diversity

3.2

Race

American Indian and Alaska Native 0.34%

Asian 11.36%

Black or African American 7.99%

Hispanic or Latino 11.87%

Unknown 4.15%

White 64.30%

Gender

female 43.89%

male 56.11%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

9.5

Stress level is very high

7.1 - high

Complexity level

9.3

Complexity level is advanced

7 - challenging

Work life balance

4.9

Work life balance is fair

6.4 - fair

Key steps to become a risk management internship

Explore risk management internship education requirements

Most common risk management internship degrees

Bachelor's

74.7 %

Master's

17.8 %

Associate

3.7 %

Start to develop specific risk management internship skills

Skills	Percentages
Risk Management	23.28%
PowerPoint	8.18%
Python	4.99%
Data Analysis	4.40%
SQL	4.12%

Complete relevant risk management internship training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New risk management interns learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a risk management internship based on U.S. Bureau of Labor Statistics data and data from real risk management internship resumes.

Research risk management internship duties and responsibilities

Perform spreadsheet calculation as part of the ratio analysis process and apply VBA to automate analysis.
Develop a risk model by using VBA to analyze the controllability of portfolios manage by the company.
Develop programs using ACL and SAS to automate journal entry testing and statistically analyze accounts with greater risks.
Manage internal SharePoint website for publishing informational materials.

Prepare your risk management internship resume

When your background is strong enough, you can start writing your risk management internship resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a risk management internship resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable risk management internship resume templates

Build a professional risk management internship resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your risk management internship resume.